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Sgxnifty

NIFTY 50 US ELECTION TRADE PLANHELLO EVERYONE! MY VIEW ON US ELECTION TRADE PLAN NIFTY50 RECENTLY BREAKED MAJOR SUPPORT ZONE AND ALSO WEEKLY TIME FRAME HIGH REJECTION AROUND 12000LEVELS WE CAN CONSIDER THESE RANGING LEVELS OF 11660 TO 12025 AS BOX FORMATION ON OVERALL HH'S AS PER TECHNICALS,IF BOX (RANGE)FORMATION FORMED ON HH"S MEANS IT WILL DEFINETELY BREAK DOWNWARDS IT PERFECTLY BREAKED DOWNWARDS AND MADE LL"S ON 4HR TF SO,PROBABLY THERE WILL BE A HUGE SELLOFF THIS WEEK IF NOT ENTERED BEFORE MEANS,SELL AT LH ON MONDAY ORELSE BELOW 11540 TARGET1-11270 TARGET2-11030 THANK YOU!
NSE:NIFTYShort
by GOKULAVARMA
Nifty - rejected from top of GAP zoneNSE:NIFTY In today's market session, Nifty opened gap up toward the top of the gap created during the February crash (red zone shown in the chart) and tested the high of the resistance zone. But after that, it was not able to sustain the highs and started to sell off. Previously, Nifty has had a good run up and we were expecting a slight retrace after such a move. SGX Nifty has also been rejected from the 200MA on the daily and seen a selloff. (see image below) If Nifty breaks the resistance zone with good volume and holds above it, then we can expect another leg up but till then I would be expecting short term bearish to sideways market (i would also be ready to change my view as i see fit). We can totally see a bullish Nifty tomorrow after the sell off today though i would be leaning more towards Nifty going down or sideways for the next immediate short term. Anyhow, there is no point in speculating. Let's see how Nifty behaves tomorrow and take trades accordingly. Daily RSI Nifty- 69 ( Bullish ) If you found the article useful - HIT LIKE & FOLLOW FOR MORE. ALSO, LET ME KNOW YOUR THOUGHTS IN COMMENTS BELOW
NSE:NIFTYShort
by iSauravKr